ICU Medical announced that it appointed Daniel Woolson as the new president of the company, effective immediately. On Sept. 30, the company’s board appointed Woolson, 48, to the position. He has served as corporate VP and GM for Infusion Systems at ICU Medical since 2017. Before joining ICU Medical, Woolson served as president of Respiratory […]
ICU Medical Inc.
ICU Medical closes Minnesota facility, cuts 83 jobs
ICU Medical filed with the state of Minnesota to confirm the termination of 83 employees following a facility closure. Minnesota’s State Rapid Response Team received a Worker Adjustment and Retraining Notification (WARN) letter from the maker of technologies for infusion therapy, oncology and critical care dated today, July 16. The letter outlined plans to terminate all […]
ICU Medical’s Smiths Medical is reportedly closing a New Hampshire plant, cutting 220 jobs
ICU Medical’s Smiths Medical unit reportedly plans to close a New Hampshire manufacturing facility that houses about 220 employees. The infusion technology maker plans to close the plant in Keene, New Hampshire, next year, according to the Keene Sentinel. The outlet said VP of Global Marketing, Tom McCall, confirmed the decision to close today after […]
Ablative Solutions taps medtech vet Rumrill for CEO | Personnel Moves, July 16, 2019
Ablative Solutions tapped 30-year industry veteran Kate Rumrill, the former chief executive at NeoSync, to be its new president & CEO. Rumrill, whose resume includes stints at Covidien, Aspect Medical Systems and Eli Lilly, is slated to keep her seat on NeoSync’s board, San Jose, Calif.-based Ablative Solutions said. The company makes the Peregine renal […]
ICU Medical’s Q1 numbers beat estimates
ICU Medical (NSDQ:ICUI) beat the consensus estimates for its first-quarter sales and earnings and stood fast on its guidance for the rest of the year, but saw its share price fall anyway on Wall Street today. San Clemente, Calif.-based ICU posted profits of $31.0 million, or $1.44 per share, on sales of $330.9 million for the […]
Medtronic taps Lennon as CIO | Personnel Moves – April 9, 2018
Medtronic (NYSE:MDT) said that it named Sean Lennon as its new chief information officer, set to take effect April 29. The Fridley, Minn.-based medtech giant said that Lennon will take over for Mike Hedges, who is retiring from the position after 19 years with Medtronic, including 10 as CIO. Prior to joining Medtronic, Lennon served as […]
ICU Medical posts Street-beating Q4
ICU Medical (NSDQ:ICUI) last week posted fourth quarter earnings that topped earnings-per-share expectations on Wall Street. The San Clemente, Calif.-based company posted losses of approximately $7.4 million, or 36¢ per share, on sales of approximately $340.4 million for the three months ended December 31, seeing a swing into red ink on the bottom line while sales shrunk […]
Report: Smiths Group looks to spin off medical biz
Smiths Group (LON:SMIN) is looking to spin off its healthcare business and focus entirely on industrial tech after a failed $9.1 billion merger with ICU Medical (NSDQ:ICUI), according to a Reuters report. The company has considered a number of different options for the medical business, including a sale or separate listing, CEO Andy Reynolds said on a […]
ICU Medical posts mixed bag Q3
ICU Medical (NSDQ:ICUI) today posted third quarter earnings that beat expectations for earnings per share but narrowly missed sales consensus on Wall Street. The San Clemente, Calif.-based company posted profits of $219,000, or 1¢ per share, on sales of $327.2 million for the three months ended September 30, seeing bottom-line growth of 61% while sales shrunk […]
ICU Medical warns about leaks in Thermoset drug-delivery systems
ICU Medical (NSDQ:ICUI) issued a warning this month that it received reports of leakage with some lots of its Thermoset drug-delivery systems in Europe, the Middle East and Africa. The company noted that the affected Thermoset products included its room-temperature closed-loop drug-delivery system with an in-line temperature probe, as well as its Iced Thermoset system designed […]
ivWatch inks development, commercialization deal with ICU Medical
ivWatch said today that it inked a long-term development and commercialization deal to integrate its continuous IV monitor into new medical devices and systems made by ICU Medical (NSDQ:ICUI). The deal paves the way for EHR interoperability, according to ivWatch, by connecting the two companies’ systems and enabling the exchange of data. Get the full story at our […]
